United Community Banks, Inc. Announces Quarterly Cash Dividends on Common and Preferred Stock

GREENVILLE, S.C., Nov. 27, 2023 (GLOBE NEWSWIRE) -- United Community Banks, Inc. (NASDAQ:UCBI) ("United"), reported that its Board of Directors approved a quarterly cash dividend of $0.23 per share on the Company's common stock. The dividend is payable January 5, 2024 to shareholders of record as of December 15, 2023.

The Board of Directors also approved a quarterly cash dividend of $429.6875 per share (equivalent to $0.4296875 per depositary share or 1/1000th interest per share) on the Company's 6.875% Non-Cumulative Perpetual Preferred Stock, Series I (NASDAQ:UCBIO). The dividend is payable December 15, 2023 to shareholders of record on November 30, 2023.

About United Community Banks, Inc.

United Community Banks, Inc. (NASDAQ:UCBI) is the financial holding company for United Community, a top 100 US financial institution that is committed to improving the financial health and well-being of its customers and ultimately the communities it serves. United Community provides a full range of banking, wealth management, and mortgage services. As of September 30, 2023, United Community has $26.9 billion in assets and 205 offices across Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee, as well as a national SBA lending franchise and a national equipment financing subsidiary. United Community has been recognized nationally as a leader in customer service, financial performance, and workplace environment. Among the accolades, United Community is a nine-time winner of the J.D. Power award that ranked the bank #1 in customer satisfaction with consumer banking in the Southeast and was recognized in 2023 by Forbes as one of the World's Best Banks and one of America's Best Banks. United Community was also recognized by Newsweek in 2023 as one of the Most Trusted Companies in America, is a multi-award recipient of the Greenwich Excellence Awards and was named by American Banker as one of the "Best Banks to Work For" in 2023 for the seventh consecutive year. Additional information about United Community can be found at ucbi.com.

For more information:

Jefferson Harralson

Chief Financial Officer

(864) 240-6208

[email protected]